UPDATE: 1,542,131 SPACE has been burned so far. You have less then 48 hours to burn your SPACE! Happy new year!

wait it just got extended of two days? did they told any kind of reason behind this or is because 25% was already burned and the exchange hoped to reach at least 35%?

It was extended two days because of the space sitting on the exchange, we want to give those guys a chance to burn them before they offline the wallet. By the way, the coins in question belong to two users, niknak and Denial. If anyone knows who they are give them a heads up to either burn them or withdraw them.

UPDATE: 1,542,131 SPACE has been burned so far. You have less then 48 hours to burn your SPACE! Happy new year!

wait it just got extended of two days? did they told any kind of reason behind this or is because 25% was already burned and the exchange hoped to reach at least 35%?

Yeah not too good the extension, a date was set and that should be ad-heard to, you cant just make things up as you go along, far from this coin dying I think it has got stronger and people may well have invested on the knowledge that the burn end date was fixed, only to find the goal posts have moved.

Not good IMO what about the next coin is there any point in believing the end date will be the end date ?

I don't particularly like all the FUD from the Barr team but perhaps they are on to something ? who knows ?

UPDATE: 1,542,131 SPACE has been burned so far. You have less then 48 hours to burn your SPACE! Happy new year!

wait it just got extended of two days? did they told any kind of reason behind this or is because 25% was already burned and the exchange hoped to reach at least 35%?

Yeah not too good the extension, a date was set and that should be ad-heard to, you cant just make things up as you go along, far from this coin dying I think it has got stronger and people may well have invested on the knowledge that the burn end date was fixed, only to find the goal posts have moved.

Not good IMO what about the next coin is there any point in believing the end date will be the end date ?

I don't particularly like all the FUD from the Barr team but perhaps they are on to something ? who knows ?

Crunck

I understand what your saying, we just want to make sure no one gets screwed. It's only two days. Perhaps it could have been handled better and we will make sure we stick to the end date in the future. Perhaps a automatic burn of the remaining coins would have been a better way to go. But we can't do that without a heads up as we have no idea of the intention of the two guys who left the space on the exchange. My guess is they misunderstood the process and thought simply depositing the coins would burn them. We are new and have no roadmap map to follow. We have made mistakes, and will make mistakes again I'm sure. But I can promise you we will learn from those mistakes and adjust our process as needed.

UPDATE: 1,542,131 SPACE has been burned so far. You have less then 48 hours to burn your SPACE! Happy new year!

wait it just got extended of two days? did they told any kind of reason behind this or is because 25% was already burned and the exchange hoped to reach at least 35%?

Yeah not too good the extension, a date was set and that should be ad-heard to, you cant just make things up as you go along, far from this coin dying I think it has got stronger and people may well have invested on the knowledge that the burn end date was fixed, only to find the goal posts have moved.

Not good IMO what about the next coin is there any point in believing the end date will be the end date ?

I don't particularly like all the FUD from the Barr team but perhaps they are on to something ? who knows ?

Crunck

I understand what your saying, we just want to make sure no one gets screwed. It's only two days. Perhaps it could have been handled better and we will make sure we stick to the end date in the future. Perhaps a automatic burn of the remaining coins would have been a better way to go. But we can't do that without a heads up as we have no idea of the intention of the two guys who left the space on the exchange. My guess is they misunderstood the process and thought simply depositing the coins would burn them. We are new and have no roadmap map to follow. We have made mistakes, and will make mistakes again I'm sure. But I can promise you we will learn from those mistakes and adjust our process as needed.

at this point two things could have been done from the exchange

1. placing a message about the exact end of the burning

2. maybe make the burn automatically if the one who deposited the spacecoin forgot to burn them

anyway doesn't seems that there are real changes of prices on yobit about spacecoin....

2. maybe make the burn automatically if the one who deposited the spacecoin forgot to burn them

anyway doesn't seems that there are real changes of prices on yobit about spacecoin....

Most likely we will implement #2 for future burns to avoid this happening again. But again, we could not do that this time as we don't know the intention for the two that left their coins. The coins belong to them and forcing an exchange would be unethical without a proper heads up. I will talk to the exchange operators and see if this option is feasible for future burns. If nothing else a clear warning that coins left on the exchange after the burn date will be destroyed without compensation. Either way their needs to be a heads up before we did anything like that. We never expected coins to be left like that so we had no plan in place to deal with it.

Almost 500,000 SPACE have been bought today, after the burn period was over, as low as 15 sats.

Step 1: announce the end of the burn periodStep 2: everyone else stops buyingStep 3: buy dirt cheapStep 4: announce an extension and cheat to get your coins for less than everyone elseStep 5: destroy the value of everyone's coins, making 1 million SPACE worth less than $100

Almost 500,000 SPACE have been bought today, after the burn period was over, as low as 15 sats.

Step 1: announce the end of the burn periodStep 2: everyone else stops buyingStep 3: buy dirt cheapStep 4: announce an extension and cheat to get your coins for less than everyone elseStep 5: destroy the value of everyone's coins, making 1 million SPACE worth less than $100

I think it has more to do with the fact that the price for Digital Credits is shooting up and people see that the trade at current prices is smart. But keep FUDing away!

Almost 500,000 SPACE have been bought today, after the burn period was over, as low as 15 sats.

Step 1: announce the end of the burn periodStep 2: everyone else stops buyingStep 3: buy dirt cheapStep 4: announce an extension and cheat to get your coins for less than everyone elseStep 5: destroy the value of everyone's coins, making 1 million SPACE worth less than $100

I think it has more to do with the fact that the price for Digital Credits is shooting up and people see that the trade at current prices is smart. But keep FUDing away!

How did those people know that you would be extending the burn period, so that they bought the cheap SPACE after the burn period was over but before you changed the rules?